Tag Archives: BAFIA

April 20

In BAFIA trial, NFC chair says only answerable to board members

While set-up using a RM250 million government loan, the National Feedlot Corporation (NFC) remains to be a private company that is only answerable to its board members and shareholders. NFC chairperson Mohd Salleh Ismail said this as the first prosecution witness in the trial against PKR vice-president Rafizi Ramli under the Banking and Financial Institutions […]

March 17

Genneva Malaysia, 11 acquitted of money laundering charges

Eleven people and a company, Genneva Malaysia Sdn Bhd, were acquitted and discharged by a Sessions Court here of more than 1,000 counts of money laundering and illegal deposit taking. They are Genneva Malaysia’s directors Datuk Philip Lim Jit Meng, 60, Datuk Tan Liang Keat, 45, and Ahmad Khairuddin Illias, 59; company advisers Datuk Marcus […]

January 15

Leak by Public Bank Berhad triggered immense public outrage, resulting in massive losses for NFCorp

In his cross examination yesterday, National Feedlot Corporation Sdn Bhd (NFCorp) chairman Datuk Dr Mohamad Salleh Ismail told the Kuala Lumpur High Court that had Public Bank Berhad come forward to say no loans had been taken for the purchase of the eight commercial lots at KL Eco City in Bangsar, it would have put […]

August 05

Rafizi’s BAFIA challenge a delay tactic

Pandan MP and PKR secretary-general Rafizi Ramli’s move to challenge the constitutionality of the repealed Banking and Financial Institutions Act 1989 (BAFIA) which he has been charged under in connection with his exposés on the National Feedlot Corporation (NFCorp) in 2012 is a delay tactic, the company’s lawyer said yesterday. Earlier today High Court Judge […]

July 12

And will there be a dawn raid to arrest the culprits?

Lessons never learnt, it would seem. Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz was clear on the issue of banking confidentiality when she said in 2012: “The confidentiality of customer information is clearly protected by the Banking and Financial Institutions Act 1989 (BAFIA). So when a Public Bank Berhad clerk from the […]

May 22

Rafizi Ramli’s BAFIA hearing set for 19 June

The Sessions Court in Shah Alam today set June 19 to hear the case of PKR secretary-general Mohd Rafizi Ramli under the Banking and Financial Institutions Act (BAFIA). Judge Zamri Bakar, who set the date, will now hear the case because Judge Rozina Ayob recused herself on May 15 on the grounds that she was […]

May 05

Call For Judge Rozina Ayob To Withdraw From Rafizi’s BAFIA Case

Judge Rozina Ayob of the Shah Alam Sessions Court while having declared that it would not be in the best interest of justice to preside in the case of PKR communications director Nik Nazmi Nik Ahmad as they are related, should also recuse herself from hearing Rafizi Ramli’s BAFIA case. Nik Nazmi reports to PKR […]